We are in the midst of another record-setting year--combining our unique "third place" in-store experience with highly relevant coffee and tea innovation and differentiated customer-facing mobile and digital technologies. - Jody Kohner, EVP global enablement, Salesforce. We continued to invest in sustainability and our people. Our portfolio strategy takes a consumer-centric approach aimed at making key moments of consumption meaningful and memorable. The COVID-19 situation has evolved further and we are dealing with a significant global challenge. There is no blueprint to deal with a crisis like this, but within just a few days we had adjusted our operations to address the situation at hand. "To win in the marketplace you must first win in the workplace". We do so by upholding our enduring principles of service, expertise and integrity. We kicked off K25, the new Kao Group Mid-term Plan, in FY2021. JPMorgan employees gripe about Dimon's return-to-office edict The Institute offers an array of resources and advice on how best to approach important life decisions, including retirement, philanthropy, estate planning, change in residency, sale of a family business and any number of other changes in circumstances clients may experience.You can learn other ways we have used our collective expertise to make a difference for our clients by visiting the True Expertise section of our annual report. In April 2022, we set a transition investment budget that could potentially grow to JPY 50 billion as part of our efforts for the transition to low carbon. One outcome of this has been our Mizuho Positive Impact Finance product, which utilizes an impact analysis framework independently developed by Mizuho Research & Technologies to assess clients' societal impacts, and then supports initiatives that produce positive impacts. We also closed stores and offices when required, in line with local regulations. Your trust and support allows us to do the work that we do, and motivates us to always strive for better on your behalf.I wish you all a happy, healthy and prosperous 2022.Thank you. The strategic approach for K25 consists of the following three parts with a focus on the year 2030. As part of our partnership with the environmental organization Parley for the Oceans, we produced 15million pairs of shoes using recycled plastic waste collected from beaches and coastal regions.
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